Coos Bay Rail Line Inc

Organization Overview

Coos Bay Rail Line Inc is located in Coos Bay, OR. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Coos Bay Rail Line Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coos Bay Rail Line Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Coos Bay Rail Line Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS CREATED SOLELY TO SUPPORT THE OREGON INTERNATIONAL PORT OF COOS BAY BY OPERATING, REPAIRING, AND MAINTAINING THE COOS BAY RAIL LINK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOS BAY RAIL LINE PERFORMS OPERATIONS OF THE RAIL LINE INCLUDING:1. SERVING CUSTOMERS BY MOVING RAIL CARS,2. PERFORMING CAR REPAIR SO THAT THE CARS REMAIN COMPLIANT AND GENERATE REVENUES TO MAINTAIN OPERATIONS,3. PERFORMING MAINTENANCE OF WAY FUNCTIONS TO COMPLY WITH STATE AND FEDERAL REGULATIONS, KEEP RAIL LINE OPERATIONS OPEN, AND PRESERVE THE LINE FOR THE FUTURE.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Farm
Treasurer/secretary
$0
John Burns
President
$0
David Kronsteiner
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Oregon International Port Of Coos Bay
Administrative Services
$216,390
Schwabe Williamson & Wyatt Pc
Legal Services
$144,238
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,012,253
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,330,336

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